In S.A, Financial Stability Review Highlights Growing Strain on Households

In S.A, Financial Stability Review Highlights Growing Strain on Households

S.A's Reserve Bank's latest Financial Stability Review reveals growing financial stress among households and small-to-medium enterprises. High interest rates, ageing global conflicts, infrastructure failures, and South Africa's graylist status contribute to the strain. Reserve Bank’s head of financial stability department Nicola Brink, says non-performing loans surged from 257-billion-rand in March 2023 to 304-billion-rand in July 2024:

December 2, 2024 11

Africa

Senegal Marks 80th Anniversary of 1944 Massacre of African Soldiers

Reuters reports indicate that Senegal commemorated the 80th anniversary of the 1944 massacre in which African soldiers who fought for France during World War Two were killed by French troops. The soldiers had demanded fair treatment and payment upon their return. The massacre occurred in Thiaroye, a village near Senegal's capital, Dakar. Senegal has long called for France to take responsibility, issue an official apology, and investigate the […]

December 2, 2024 5

World

Israel Hamas trade accusations over ceasefire violations

A fragile ceasefire between Israel and Hezbollah mostly appears to be holding- this despite Israel opening fire on mourners at a funeral in the Lebanese town of Khiam, according to local media. Both sides are trading accusations over violations of the terms of the deal. Meanwhile at least 33 Palestinians have reportedly been killed and 137 injured in Israeli attacks in the past day in the Gaza Strip. Nina-Maria […]

December 2, 2024 10

Local

NCAA Executive Director Toska Sem Elected Vice-President for AFCAC Southern Region

The Namibia Civil Aviation Authority (NCAA) is proud to announce the election of its Executive Director, Ms. Toska Sem, as Vice-President for the Southern Region in the African Civil Aviation Commission (AFCAC) Bureau for a three-year term. This governing body is the second-highest decision-making entity within AFCAC, representing the interests of SADC Member States and the African continent as a whole. AFCAC, a specialized agency of the African Union, […]

December 2, 2024 4

Local

4th Integrity Namibia Regional Conference Rundu, 3 December 2024

The Institute for Public Policy Research (IPPR), through its Integrity Namibia project, is organising a regional anti-corruption conference in Rundu, Kavango East region, on 3 December 2024. The conference will take place at the Kavango River Lodge from 08h30 to 16h30. The IPPR’s Integrity Namibia project aims to build a national network of non-state actors that are committed to tackling corruption in Namibia. The project features a mobilisation campaign […]

December 2, 2024 5

Nam Elections 2024

Opposition Backs IPC’s Legal Action on Elections

Opposition parties have endorsed the IPC's decision to contest the this year's presidential and National Assembly elections in court. The IPC has informed the Electoral Commission about its intention to file an urgent Electoral Court application. PDM secretary general Manuel Ngaringombe confirmed the move. Here's IPC's Imms Nashinge: Meanwhile...the Affirmative Repositioning Movement plans a Press Event for today at 11am. Here's AR's George Kambala:

December 2, 2024 30

Africa

Biden’s Africa Trip to Focus on U.S.-Backed Railway Project

U.S President Joseph Biden embarks on a trip to Angola, fulfilling a promise to visit Africa during his presidency. Reuters says his visit will highlight a major U.S.-backed railway project aimed at diverting critical minerals away from China. The project, partially funded by a U.S. loan, connects the resource-rich Democratic Republic of Congo and Zambia to Angola's Lobito port, providing a faster route for exports to the West.

December 2, 2024 6

South Africa

In S.A, MK Party Celebrates First Anniversary

To S.A now, where the MK Party, founded by former president Jacob Zuma, marked its first anniversary in Ekurhuleni. During the 2024 general elections, the party campaigned as the official opposition. Secretary-general Floyd Shivambu expressed confidence in securing a two-thirds majority in the 2026 local government elections and emphasized the party’s commitment to uniting progressive forces.

December 2, 2024 4

World

US lawmakers targeted by bomb threats

Several U.S. lawmakers were targeted in bomb threats on Thanksgiving. Four House representatives in the state of Connecticut were affected after similar threats were made against Republican nominees for Donald Trump's new cabinet. Ira Spitzer reports.

December 2, 2024 10